economic study summary
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State Taxes$5.22B–$5.82B
State Royalty Payments$900M–$1.10B
20-YEAR CUMULATIVE TAXES ECONOMICCONTRIBUTIONSCumulative estimated contribution to U.S. GDPduring Initial Production Phase
$64 BILLION
PEBBLEWHERE IS IT & WHAT’S THERE?· 200 air miles southwest of Anchorage, Alaska· 100+ air miles from Bristol Bay· State of Alaska land designated for mineral
exploration and potential development.
55 BILLIONPOUNDS OF COPPER (MEASURED & INDICATED)
3.3 BILLION
67 MILLION
WHY DOES PEBBLE MATTER?In Alaska, 93% of the state’s unrestricted revenue
comes from oil, funding everything from roads to
schools to the Permanent Fund. Diversifying
funding for Alaska's long-term economic stability
makes projects like Pebble—and the jobs it could
bring, even more important.
In the Lake & Peninsula Borough, these jobs
matter even more. Jobs in-region mean reversing
the trend of economic and social decline.
EMPLOYMENT IN THE BRISTOL BAY REGIONOf the eligible workers,
63% have some type of
job. Of that, only 35%
worked year-round.
OUTMIGRATION IN SOUTHWEST ALASKA The lack of year-round
jobs and industry diversity
in Southwest Alaska leads
to many people leaving
local communities.
22%
DISTRIBUTION OFSOUTHWEST ALASKAN
RESIDENT WORKERS
OTHER 13%EDUCATION& HEALTHSERVICES
9%
40%LOCAL
GOVERNMENT
16%TRADE,
TRANSPORTATION& UTILITIES
MANUFACTURING
LEVELOCK
LAKE &PENINSULABOROUGH
NONDALTON
10%POPULATION
DECLINED
THE PEBBLE PROJECTJOBS, REVENUE AND ECONOMIC CONTRIBUTIONS FOR ALASKA THE ECONOMIC VALUE OF THE
PEBBLE PROJECT
BOROUGH RESIDENTS LIVING BELOWTHE POVERTY LINE*
21%
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
THE U.S. IMPORTS
35%-40%OF ITS COPPER FROMFOREIGN SOURCES- U.S. Geological Survey
- U.S. Census Data 2000, 2010
www.facebook.com/PebbleProject � www.twitter.com/PebbleProject � www.linkedin.com/company/pebble-ltd.-partnership � www.pebblepartnership.com
OUNCES OF GOLD(MEASURED & INDICATED)
POUNDS OF MOLYBDENUM(MEASURED & INDICATED)
2.3 BILLIONPOUNDS OF MOLYBDENUM
(INFERRED)
40 MILLIONOUNCES OF GOLD
(INFERRED)
26 BILLIONPOUNDS OF COPPER(INFERRED)
- Based on 2011 initial production levels of 1.1 million metric tons.
MORE THAN DOUBLE THE STATE AVERAGE OF 9.5%
*2007-2011 American Community Survey 5-Year Estimates, U.S. Census
The Pebble Limited Partnership (PLP) has the potential to develop one of the most signi�cant discoveries of copper, gold, molybdenum and silver in the world.
What would that mean to people, businesses and governments?
REVENUEIN LOCAL, STATE & FEDERAL TAXESCumulative estimated contribution during Initial Production Phase
$18 BILLIONJOBSCREATED ANNUALLYAnnual average for Alaska andthe Lower 48 during Initial Production Phase
15,000 ECONOMYCONTRIBUTIONS TO ALASKA
Contributions to GSP.
REVENUEALASKA STATE TAX &
ROYALTY CONTRIBUTIONSThe numbers reported for the
Potential Subsequent Development phase are based on one additional
20-year production cycle.
CONSTRUCTION CUMULATIVE
INITIAL PRODUCTION CUMULATIVE
POTENTIAL SUBSEQUENT DEVELOPMENT CUMULATIVE
$135M
$3.4B–$4.5B
$6.1B–$6.9B
CONSTRUCTION ANNUAL
INITIAL PRODUCTION ANNUAL
POTENTIAL SUBSEQUENT DEVELOPMENT ANNUAL
$400M
$1.14B–$1.435B
$2.14B–$2.36B
...AND BILLIONS OF DOLLARS TO ALASKA’S ECONOMY.During the Initial Production Phase, the project could expand Alaska's economy by $1.1 - $1.4 billion annually—plus $2.14 - $2.36 billion annually in any single potential subsequent development phase.
PEBBLE COULD ADD 10,000 ALASKA JOBS...Estimated jobs across Construction, Initial Production and one Subsequent Development phases—the kinds of jobs that change lives and communities.
State Taxes$2.87B–$3.77B
State Royalty Payments$525M–$725M
25-YEAR CUMULATIVE TAXES
The project would include various infrastructure investments, including a multi-modal port, power plant and a
transportation corridor. This infrastructure would likely create additional value for the local communities,
including potentially lower power expenses, lower shipping costs and economic growth and diversification.
25%POPULATION
DECLINED44%
POPULATIONDECLINED
DURING INITIAL PRODUCTION PEBBLE COULD MORE THAN
ALASKA MINING TAX REVENUE
THE PEBBLE PROJECT’S PROJECTED
DOUBLE$1 BILLIONANNUAL OPERATING BUDGET
IS MORE THANPEBBLE ROYALTIES TO ALASKA
PERMANENT FUND50% OF ALL ROYALTIES
ALLOCATED TO THE
ALASKA
State Taxes$5.22B–$5.82B
State Royalty Payments$900M–$1.10B
20-YEAR CUMULATIVE TAXES ECONOMICCONTRIBUTIONSCumulative estimated contribution to U.S. GDPduring Initial Production Phase
$64 BILLION
PEBBLEWHERE IS IT & WHAT’S THERE?· 200 air miles southwest of Anchorage, Alaska· 100+ air miles from Bristol Bay· State of Alaska land designated for mineral
exploration and potential development.
55 BILLIONPOUNDS OF COPPER (MEASURED & INDICATED)
3.3 BILLION
67 MILLION
WHY DOES PEBBLE MATTER?In Alaska, 93% of the state’s unrestricted revenue
comes from oil, funding everything from roads to
schools to the Permanent Fund. Diversifying
funding for Alaska's long-term economic stability
makes projects like Pebble—and the jobs it could
bring, even more important.
In the Lake & Peninsula Borough, these jobs
matter even more. Jobs in-region mean reversing
the trend of economic and social decline.
EMPLOYMENT IN THE BRISTOL BAY REGIONOf the eligible workers,
63% have some type of
job. Of that, only 35%
worked year-round.
OUTMIGRATION IN SOUTHWEST ALASKA The lack of year-round
jobs and industry diversity
in Southwest Alaska leads
to many people leaving
local communities.
22%
DISTRIBUTION OFSOUTHWEST ALASKAN
RESIDENT WORKERS
OTHER 13%EDUCATION& HEALTHSERVICES
9%
40%LOCAL
GOVERNMENT
16%TRADE,
TRANSPORTATION& UTILITIES
MANUFACTURING
LEVELOCK
LAKE &PENINSULABOROUGH
NONDALTON
10%POPULATION
DECLINED
THE PEBBLE PROJECTJOBS, REVENUE AND ECONOMIC CONTRIBUTIONS FOR ALASKA THE ECONOMIC VALUE OF THE
PEBBLE PROJECT
BOROUGH RESIDENTS LIVING BELOWTHE POVERTY LINE*
21%
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
THE U.S. IMPORTS
35%-40%OF ITS COPPER FROMFOREIGN SOURCES- U.S. Geological Survey
- U.S. Census Data 2000, 2010
www.facebook.com/PebbleProject � www.twitter.com/PebbleProject � www.linkedin.com/company/pebble-ltd.-partnership � www.pebblepartnership.com
OUNCES OF GOLD(MEASURED & INDICATED)
POUNDS OF MOLYBDENUM(MEASURED & INDICATED)
2.3 BILLIONPOUNDS OF MOLYBDENUM
(INFERRED)
40 MILLIONOUNCES OF GOLD
(INFERRED)
26 BILLIONPOUNDS OF COPPER(INFERRED)
- Based on 2011 initial production levels of 1.1 million metric tons.
MORE THAN DOUBLE THE STATE AVERAGE OF 9.5%
*2007-2011 American Community Survey 5-Year Estimates, U.S. Census
The Pebble Limited Partnership (PLP) has the potential to develop one of the most signi�cant discoveries of copper, gold, molybdenum and silver in the world.
What would that mean to people, businesses and governments?
REVENUEIN LOCAL, STATE & FEDERAL TAXESCumulative estimated contribution during Initial Production Phase
$18 BILLIONJOBSCREATED ANNUALLYAnnual average for Alaska andthe Lower 48 during Initial Production Phase
15,000 ECONOMYCONTRIBUTIONS TO ALASKA
Contributions to GSP.
REVENUEALASKA STATE TAX &
ROYALTY CONTRIBUTIONSThe numbers reported for the
Potential Subsequent Development phase are based on one additional
20-year production cycle.
CONSTRUCTION CUMULATIVE
INITIAL PRODUCTION CUMULATIVE
POTENTIAL SUBSEQUENT DEVELOPMENT CUMULATIVE
$135M
$3.4B–$4.5B
$6.1B–$6.9B
CONSTRUCTION ANNUAL
INITIAL PRODUCTION ANNUAL
POTENTIAL SUBSEQUENT DEVELOPMENT ANNUAL
$400M
$1.14B–$1.435B
$2.14B–$2.36B
...AND BILLIONS OF DOLLARS TO ALASKA’S ECONOMY.During the Initial Production Phase, the project could expand Alaska's economy by $1.1 - $1.4 billion annually—plus $2.14 - $2.36 billion annually in any single potential subsequent development phase.
PEBBLE COULD ADD 10,000 ALASKA JOBS...Estimated jobs across Construction, Initial Production and one Subsequent Development phases—the kinds of jobs that change lives and communities.
State Taxes$2.87B–$3.77B
State Royalty Payments$525M–$725M
25-YEAR CUMULATIVE TAXES
The project would include various infrastructure investments, including a multi-modal port, power plant and a
transportation corridor. This infrastructure would likely create additional value for the local communities,
including potentially lower power expenses, lower shipping costs and economic growth and diversification.
25%POPULATION
DECLINED44%
POPULATIONDECLINED
DURING INITIAL PRODUCTION PEBBLE COULD MORE THAN
ALASKA MINING TAX REVENUE
THE PEBBLE PROJECT’S PROJECTED
DOUBLE$1 BILLIONANNUAL OPERATING BUDGET
IS MORE THANPEBBLE ROYALTIES TO ALASKA
PERMANENT FUND50% OF ALL ROYALTIES
ALLOCATED TO THE
ALASKA
$114K$80K
$109K$72K
INITIAL PRODUCTION25 YEARS
SUBSEQUENT DEVELOPMENT20 YEARS
ABOUT THIS DOCUMENTIHS Global Insight was commissioned to assess the potential economic contributions of a “conceptual” Pebble Mine. Because the Pebble Project has not yet begun the permitting process, however, there is no de�nitive, approved and permitted development plan to evaluate. Therefore, IHS selected a snapshot of the project’s ongoing engineering plans to serve as a proxy and relied on preliminary planning information as key inputs for the economic models. This brochure summarizes those economic �ndings and includes additional data from the Pebble Environmental Baseline Document (2012). Currently, scienti�c studies and engineering work continue related to the deposit, and no �nal project design has been selected or approved at this time by the Pebble Partnership.
SOME KEY TERMSIHS HAS DIVIDED THE PROJECT INTO THREE MAIN AREAS:
Construction: 5 YearsFive years of capital investment averaging $1.2B/year to construct mine site and facilities.
Initial Production: 25 YearsConceptual timeframe for the purposes of this report.
Potential Subsequent Development: 20 YearsIHS estimates that up to three additional 20-year production cycles are possible.
JOBSWHERE ARE THEY?
ECONOMYCONTRIBUTIONS TO LOCAL, STATE & NATIONAL
LEISURE & HOSPITALITYSTATE GOVERNMENT
SEAFOOD PROCESSING
CONSTRUCTION
OIL & GAS MINING 74.1%
79.6% 70.7%
PERCENTAGE OF RESIDENT WORKERS IN ALASKA
ALASKA LOWER 48
CONSTRUCTION (5 Years)
INITIAL PRODUCTION (25 Years)
POTENTIAL SUBSEQUENT DEVELOPMENT (Potential for three subsequent 20-year production phases)
DIRECT2,525 JOBS
INDIRECT925 JOBS
INDUCED1,275 JOBS
DIRECT0 JOBS
INDIRECT6,250 JOBS
INDUCED5,200 JOBS
DIRECT915 JOBS
INDIRECT1,175 JOBS
INDUCED800 JOBS
INDIRECT6,070 JOBS
INDUCED5,450 JOBS
DIRECT305 JOBS
DIRECT1,050 JOBS
INDIRECT800 JOBS
INDUCED900 JOBS
WHAT KIND OF JOBS? GOOD, YEAR-ROUND JOBS!Pebble is a world-class project with the potential to employ generations of Alaskans, across a wide range of
industries—from environmental scientists and mechanics to power plant operators, clerks and security guards.
Pebble expects to hire 75% of its direct operations workforce from within Alaska, and has committed to ensuring that local
applicants will receive priority consideration based on quali�cations and merit. How does that compare with other industries?
$75K$63K
2XALASKA AVG.
OF $51K
THAT’S OVER
Pebble could also have a significant impact on job creation in the Lower 48. These are mostly indirect and induced positions, created by the need for products such as steel and heavy equipment which cannot be sourced within Alaska.
INDIRECT7,150 JOBS
INDUCED6,400 JOBS
DIRECT350 JOBS
Pebble could create thousands of jobs. These are estimates, but here’s how we see
the employment numbers breaking down
over the three main phases of the project.
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
$400MANNUAL
$1.14B–$1.435BANNUAL
$2.14B–$2.36BANNUAL
ALASKA LOWER 48$1.175B
ANNUAL
$1.290BANNUAL
$1.520BANNUAL
REVENUETAX CONTRIBUTIONS SUPPORT PROGRAMS
4%
DISTRIBUTION OFGOVERNMENT REVENUES
DURING INITIALPRODUCTION
L&P BOROUGHSEVERANCE TAX
REVENUE
23%LOWER 48 STATE
TAX REVENUE
51%FEDERAL
TAX REVENUE
22%ALASKA STATETAX REVENUE
CONSTRUCTION
YEARS ANNUAL
CUMULATIVE
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $27M
25 $136M-$180M
20* $306M-$346M
$135M$3.4B-$4.5B
ALASKA
LOWER 48STATES
$6.1B-$6.9B
CONSTRUCTION CONSTRUCTION
INITIALPRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $114M
25 $165M
20* $195M
$570M$4.1B
$3.9B
The revenue estimated for Pebble’s tax contribution to Alaska is based on a range of commodity price estimates.
$29M $33MTO
PEBBLE PROJECT COULD PAYTHE LAKE AND PENINSULA BOROUGHANNUAL TAX RECEIPTS OF
AVERAGE DURING INITIAL PRODUCTION
$910 MILLION
$8.5 $9.85BILLION
$12.2 $13.2
TO
BILLIONPOTENTIAL SUBSEQUENT DEVELOPMENT*
TO
INITIAL PRODUCTION
CONSTRUCTION
*The numbers reported for the Potential Subsequent Development phase are based on one additional 20-year production cycle.
TAX REVENUECUMULATIVE FEDERAL
Contributions to GSP/GDP.
* Average annual salary including direct, indirect and induced in Alaska
ALASKA SALARIES
LOWER 48 SALARIES
CONSTRUCTION5 YEARS
$66K$63KINITIAL PRODUCTION
25 YEARSSUBSEQUENT DEVELOPMENT
20 YEARS
$59K
* Average annual salary including direct, indirect and induced in Lower 48
CONSTRUCTION5 YEARS
93.5%RESIDENTWORKERS
68.2%RESIDENTWORKERS
23.5%RESIDENTWORKERS
38%HIGHER THAN
LOWER 48 AVG.OF $46K
THAT’S
16,175TOTAL AK +
U.S. JOBS
14,715TOTAL AK +
U.S. JOBS
TOTAL LOWER 48 JOBS13,900 JOBS
16,650TOTAL AK +
U.S. JOBSTOTAL ALASKA JOBS2,750 JOBS
TOTAL ALASKA JOBS4,725 JOBS
TOTAL LOWER 48 JOBS11,450 JOBS
TOTAL ALASKA JOBS2,890 JOBS
TOTAL LOWER 48 JOBS11,825 JOBS
JOB CATEGORIESDirect Jobs: Direct Pebble employees or full-time equivalent in contractors.
Indirect Jobs: Created by Pebble’s need for infrastructure and supplies; product manufacturing, supply chains.
Induced Jobs: Goods and services sector jobs created by spending from Direct and Indirect employment.
93.5%
68.2% 23.5%
DIRECTJOBS
ALLJOBS*
600%MORE THANTHAT CONTRIBUTION WOULD INCREASE THEIR ANNUAL BUDGET
- Over 2013 levels.
ALLJOBS*
$114K$80K
$109K$72K
INITIAL PRODUCTION25 YEARS
SUBSEQUENT DEVELOPMENT20 YEARS
ABOUT THIS DOCUMENTIHS Global Insight was commissioned to assess the potential economic contributions of a “conceptual” Pebble Mine. Because the Pebble Project has not yet begun the permitting process, however, there is no de�nitive, approved and permitted development plan to evaluate. Therefore, IHS selected a snapshot of the project’s ongoing engineering plans to serve as a proxy and relied on preliminary planning information as key inputs for the economic models. This brochure summarizes those economic �ndings and includes additional data from the Pebble Environmental Baseline Document (2012). Currently, scienti�c studies and engineering work continue related to the deposit, and no �nal project design has been selected or approved at this time by the Pebble Partnership.
SOME KEY TERMSIHS HAS DIVIDED THE PROJECT INTO THREE MAIN AREAS:
Construction: 5 YearsFive years of capital investment averaging $1.2B/year to construct mine site and facilities.
Initial Production: 25 YearsConceptual timeframe for the purposes of this report.
Potential Subsequent Development: 20 YearsIHS estimates that up to three additional 20-year production cycles are possible.
JOBSWHERE ARE THEY?
ECONOMYCONTRIBUTIONS TO LOCAL, STATE & NATIONAL
LEISURE & HOSPITALITYSTATE GOVERNMENT
SEAFOOD PROCESSING
CONSTRUCTION
OIL & GAS MINING 74.1%
79.6% 70.7%
PERCENTAGE OF RESIDENT WORKERS IN ALASKA
ALASKA LOWER 48
CONSTRUCTION (5 Years)
INITIAL PRODUCTION (25 Years)
POTENTIAL SUBSEQUENT DEVELOPMENT (Potential for three subsequent 20-year production phases)
DIRECT2,525 JOBS
INDIRECT925 JOBS
INDUCED1,275 JOBS
DIRECT0 JOBS
INDIRECT6,250 JOBS
INDUCED5,200 JOBS
DIRECT915 JOBS
INDIRECT1,175 JOBS
INDUCED800 JOBS
INDIRECT6,070 JOBS
INDUCED5,450 JOBS
DIRECT305 JOBS
DIRECT1,050 JOBS
INDIRECT800 JOBS
INDUCED900 JOBS
WHAT KIND OF JOBS? GOOD, YEAR-ROUND JOBS!Pebble is a world-class project with the potential to employ generations of Alaskans, across a wide range of
industries—from environmental scientists and mechanics to power plant operators, clerks and security guards.
Pebble expects to hire 75% of its direct operations workforce from within Alaska, and has committed to ensuring that local
applicants will receive priority consideration based on quali�cations and merit. How does that compare with other industries?
$75K$63K
2XALASKA AVG.
OF $51K
THAT’S OVER
Pebble could also have a significant impact on job creation in the Lower 48. These are mostly indirect and induced positions, created by the need for products such as steel and heavy equipment which cannot be sourced within Alaska.
INDIRECT7,150 JOBS
INDUCED6,400 JOBS
DIRECT350 JOBS
Pebble could create thousands of jobs. These are estimates, but here’s how we see
the employment numbers breaking down
over the three main phases of the project.
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
$400MANNUAL
$1.14B–$1.435BANNUAL
$2.14B–$2.36BANNUAL
ALASKA LOWER 48$1.175B
ANNUAL
$1.290BANNUAL
$1.520BANNUAL
REVENUETAX CONTRIBUTIONS SUPPORT PROGRAMS
4%
DISTRIBUTION OFGOVERNMENT REVENUES
DURING INITIALPRODUCTION
L&P BOROUGHSEVERANCE TAX
REVENUE
23%LOWER 48 STATE
TAX REVENUE
51%FEDERAL
TAX REVENUE
22%ALASKA STATETAX REVENUE
CONSTRUCTION
YEARS ANNUAL
CUMULATIVE
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $27M
25 $136M-$180M
20* $306M-$346M
$135M$3.4B-$4.5B
ALASKA
LOWER 48STATES
$6.1B-$6.9B
CONSTRUCTION CONSTRUCTION
INITIALPRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $114M
25 $165M
20* $195M
$570M$4.1B
$3.9B
The revenue estimated for Pebble’s tax contribution to Alaska is based on a range of commodity price estimates.
$29M $33MTO
PEBBLE PROJECT COULD PAYTHE LAKE AND PENINSULA BOROUGHANNUAL TAX RECEIPTS OF
AVERAGE DURING INITIAL PRODUCTION
$910 MILLION
$8.5 $9.85BILLION
$12.2 $13.2
TO
BILLIONPOTENTIAL SUBSEQUENT DEVELOPMENT*
TO
INITIAL PRODUCTION
CONSTRUCTION
*The numbers reported for the Potential Subsequent Development phase are based on one additional 20-year production cycle.
TAX REVENUECUMULATIVE FEDERAL
Contributions to GSP/GDP.
* Average annual salary including direct, indirect and induced in Alaska
ALASKA SALARIES
LOWER 48 SALARIES
CONSTRUCTION5 YEARS
$66K$63KINITIAL PRODUCTION
25 YEARSSUBSEQUENT DEVELOPMENT
20 YEARS
$59K
* Average annual salary including direct, indirect and induced in Lower 48
CONSTRUCTION5 YEARS
93.5%RESIDENTWORKERS
68.2%RESIDENTWORKERS
23.5%RESIDENTWORKERS
38%HIGHER THAN
LOWER 48 AVG.OF $46K
THAT’S
16,175TOTAL AK +
U.S. JOBS
14,715TOTAL AK +
U.S. JOBS
TOTAL LOWER 48 JOBS13,900 JOBS
16,650TOTAL AK +
U.S. JOBSTOTAL ALASKA JOBS2,750 JOBS
TOTAL ALASKA JOBS4,725 JOBS
TOTAL LOWER 48 JOBS11,450 JOBS
TOTAL ALASKA JOBS2,890 JOBS
TOTAL LOWER 48 JOBS11,825 JOBS
JOB CATEGORIESDirect Jobs: Direct Pebble employees or full-time equivalent in contractors.
Indirect Jobs: Created by Pebble’s need for infrastructure and supplies; product manufacturing, supply chains.
Induced Jobs: Goods and services sector jobs created by spending from Direct and Indirect employment.
93.5%
68.2% 23.5%
DIRECTJOBS
ALLJOBS*
600%MORE THANTHAT CONTRIBUTION WOULD INCREASE THEIR ANNUAL BUDGET
- Over 2013 levels.
ALLJOBS*
$114K$80K
$109K$72K
INITIAL PRODUCTION25 YEARS
SUBSEQUENT DEVELOPMENT20 YEARS
ABOUT THIS DOCUMENTIHS Global Insight was commissioned to assess the potential economic contributions of a “conceptual” Pebble Mine. Because the Pebble Project has not yet begun the permitting process, however, there is no de�nitive, approved and permitted development plan to evaluate. Therefore, IHS selected a snapshot of the project’s ongoing engineering plans to serve as a proxy and relied on preliminary planning information as key inputs for the economic models. This brochure summarizes those economic �ndings and includes additional data from the Pebble Environmental Baseline Document (2012). Currently, scienti�c studies and engineering work continue related to the deposit, and no �nal project design has been selected or approved at this time by the Pebble Partnership.
SOME KEY TERMSIHS HAS DIVIDED THE PROJECT INTO THREE MAIN AREAS:
Construction: 5 YearsFive years of capital investment averaging $1.2B/year to construct mine site and facilities.
Initial Production: 25 YearsConceptual timeframe for the purposes of this report.
Potential Subsequent Development: 20 YearsIHS estimates that up to three additional 20-year production cycles are possible.
JOBSWHERE ARE THEY?
ECONOMYCONTRIBUTIONS TO LOCAL, STATE & NATIONAL
LEISURE & HOSPITALITYSTATE GOVERNMENT
SEAFOOD PROCESSING
CONSTRUCTION
OIL & GAS MINING 74.1%
79.6% 70.7%
PERCENTAGE OF RESIDENT WORKERS IN ALASKA
ALASKA LOWER 48
CONSTRUCTION (5 Years)
INITIAL PRODUCTION (25 Years)
POTENTIAL SUBSEQUENT DEVELOPMENT (Potential for three subsequent 20-year production phases)
DIRECT2,525 JOBS
INDIRECT925 JOBS
INDUCED1,275 JOBS
DIRECT0 JOBS
INDIRECT6,250 JOBS
INDUCED5,200 JOBS
DIRECT915 JOBS
INDIRECT1,175 JOBS
INDUCED800 JOBS
INDIRECT6,070 JOBS
INDUCED5,450 JOBS
DIRECT305 JOBS
DIRECT1,050 JOBS
INDIRECT800 JOBS
INDUCED900 JOBS
WHAT KIND OF JOBS? GOOD, YEAR-ROUND JOBS!Pebble is a world-class project with the potential to employ generations of Alaskans, across a wide range of
industries—from environmental scientists and mechanics to power plant operators, clerks and security guards.
Pebble expects to hire 75% of its direct operations workforce from within Alaska, and has committed to ensuring that local
applicants will receive priority consideration based on quali�cations and merit. How does that compare with other industries?
$75K$63K
2XALASKA AVG.
OF $51K
THAT’S OVER
Pebble could also have a significant impact on job creation in the Lower 48. These are mostly indirect and induced positions, created by the need for products such as steel and heavy equipment which cannot be sourced within Alaska.
INDIRECT7,150 JOBS
INDUCED6,400 JOBS
DIRECT350 JOBS
Pebble could create thousands of jobs. These are estimates, but here’s how we see
the employment numbers breaking down
over the three main phases of the project.
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT*
$400MANNUAL
$1.14B–$1.435BANNUAL
$2.14B–$2.36BANNUAL
ALASKA LOWER 48$1.175B
ANNUAL
$1.290BANNUAL
$1.520BANNUAL
REVENUETAX CONTRIBUTIONS SUPPORT PROGRAMS
4%
DISTRIBUTION OFGOVERNMENT REVENUES
DURING INITIALPRODUCTION
L&P BOROUGHSEVERANCE TAX
REVENUE
23%LOWER 48 STATE
TAX REVENUE
51%FEDERAL
TAX REVENUE
22%ALASKA STATETAX REVENUE
CONSTRUCTION
YEARS ANNUAL
CUMULATIVE
CONSTRUCTION
INITIAL PRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $27M
25 $136M-$180M
20* $306M-$346M
$135M$3.4B-$4.5B
ALASKA
LOWER 48STATES
$6.1B-$6.9B
CONSTRUCTION CONSTRUCTION
INITIALPRODUCTION
POTENTIALSUBSEQUENTDEVELOPMENT
5 $114M
25 $165M
20* $195M
$570M$4.1B
$3.9B
The revenue estimated for Pebble’s tax contribution to Alaska is based on a range of commodity price estimates.
$29M $33MTO
PEBBLE PROJECT COULD PAYTHE LAKE AND PENINSULA BOROUGHANNUAL TAX RECEIPTS OF
AVERAGE DURING INITIAL PRODUCTION
$910 MILLION
$8.5 $9.85BILLION
$12.2 $13.2
TO
BILLIONPOTENTIAL SUBSEQUENT DEVELOPMENT*
TO
INITIAL PRODUCTION
CONSTRUCTION
*The numbers reported for the Potential Subsequent Development phase are based on one additional 20-year production cycle.
TAX REVENUECUMULATIVE FEDERAL
Contributions to GSP/GDP.
* Average annual salary including direct, indirect and induced in Alaska
ALASKA SALARIES
LOWER 48 SALARIES
CONSTRUCTION5 YEARS
$66K$63KINITIAL PRODUCTION
25 YEARSSUBSEQUENT DEVELOPMENT
20 YEARS
$59K
* Average annual salary including direct, indirect and induced in Lower 48
CONSTRUCTION5 YEARS
93.5%RESIDENTWORKERS
68.2%RESIDENTWORKERS
23.5%RESIDENTWORKERS
38%HIGHER THAN
LOWER 48 AVG.OF $46K
THAT’S
16,175TOTAL AK +
U.S. JOBS
14,715TOTAL AK +
U.S. JOBS
TOTAL LOWER 48 JOBS13,900 JOBS
16,650TOTAL AK +
U.S. JOBSTOTAL ALASKA JOBS2,750 JOBS
TOTAL ALASKA JOBS4,725 JOBS
TOTAL LOWER 48 JOBS11,450 JOBS
TOTAL ALASKA JOBS2,890 JOBS
TOTAL LOWER 48 JOBS11,825 JOBS
JOB CATEGORIESDirect Jobs: Direct Pebble employees or full-time equivalent in contractors.
Indirect Jobs: Created by Pebble’s need for infrastructure and supplies; product manufacturing, supply chains.
Induced Jobs: Goods and services sector jobs created by spending from Direct and Indirect employment.
93.5%
68.2% 23.5%
DIRECTJOBS
ALLJOBS*
600%MORE THANTHAT CONTRIBUTION WOULD INCREASE THEIR ANNUAL BUDGET
- Over 2013 levels.
ALLJOBS*
State Taxes$5.22B–$5.82B
State Royalty Payments$900M–$1.10B
20-YEAR CUMULATIVE TAXES ECONOMICCONTRIBUTIONSCumulative estimated contribution to U.S. GDPduring Initial Production Phase
$64 BILLION
PEBBLEWHERE IS IT & WHAT’S THERE?· 200 air miles southwest of Anchorage, Alaska· 100+ air miles from Bristol Bay· State of Alaska land designated for mineral
exploration and potential development.
55 BILLIONPOUNDS OF COPPER (MEASURED & INDICATED)
3.3 BILLION
67 MILLION
WHY DOES PEBBLE MATTER?In Alaska, 93% of the state’s unrestricted revenue
comes from oil, funding everything from roads to
schools to the Permanent Fund. Diversifying
funding for Alaska's long-term economic stability
makes projects like Pebble—and the jobs it could
bring, even more important.
In the Lake & Peninsula Borough, these jobs
matter even more. Jobs in-region mean reversing
the trend of economic and social decline.
EMPLOYMENT IN THE BRISTOL BAY REGIONOf the eligible workers,
63% have some type of
job. Of that, only 35%
worked year-round.
OUTMIGRATION IN SOUTHWEST ALASKA The lack of year-round
jobs and industry diversity
in Southwest Alaska leads
to many people leaving
local communities.
22%
DISTRIBUTION OFSOUTHWEST ALASKAN
RESIDENT WORKERS
OTHER 13%EDUCATION& HEALTHSERVICES
9%
40%LOCAL
GOVERNMENT
16%TRADE,
TRANSPORTATION& UTILITIES
MANUFACTURING
LEVELOCK
LAKE &PENINSULABOROUGH
NONDALTON
10%POPULATION
DECLINED
THE PEBBLE PROJECTJOBS, REVENUE AND ECONOMIC CONTRIBUTIONS FOR ALASKA THE ECONOMIC VALUE OF THE
PEBBLE PROJECT
BOROUGH RESIDENTS LIVING BELOWTHE POVERTY LINE*
21%
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
PEBBLE WOULDEXPAND U.S. COPPER
PRODUCTION BY
THE U.S. IMPORTS
35%-40%OF ITS COPPER FROMFOREIGN SOURCES- U.S. Geological Survey
- U.S. Census Data 2000, 2010
www.facebook.com/PebbleProject � www.twitter.com/PebbleProject � www.linkedin.com/company/pebble-ltd.-partnership � www.pebblepartnership.com
OUNCES OF GOLD(MEASURED & INDICATED)
POUNDS OF MOLYBDENUM(MEASURED & INDICATED)
2.3 BILLIONPOUNDS OF MOLYBDENUM
(INFERRED)
40 MILLIONOUNCES OF GOLD
(INFERRED)
26 BILLIONPOUNDS OF COPPER(INFERRED)
- Based on 2011 initial production levels of 1.1 million metric tons.
MORE THAN DOUBLE THE STATE AVERAGE OF 9.5%
*2007-2011 American Community Survey 5-Year Estimates, U.S. Census
The Pebble Limited Partnership (PLP) has the potential to develop one of the most signi�cant discoveries of copper, gold, molybdenum and silver in the world.
What would that mean to people, businesses and governments?
REVENUEIN LOCAL, STATE & FEDERAL TAXESCumulative estimated contribution during Initial Production Phase
$18 BILLIONJOBSCREATED ANNUALLYAnnual average for Alaska andthe Lower 48 during Initial Production Phase
15,000 ECONOMYCONTRIBUTIONS TO ALASKA
Contributions to GSP.
REVENUEALASKA STATE TAX &
ROYALTY CONTRIBUTIONSThe numbers reported for the
Potential Subsequent Development phase are based on one additional
20-year production cycle.
CONSTRUCTION CUMULATIVE
INITIAL PRODUCTION CUMULATIVE
POTENTIAL SUBSEQUENT DEVELOPMENT CUMULATIVE
$135M
$3.4B–$4.5B
$6.1B–$6.9B
CONSTRUCTION ANNUAL
INITIAL PRODUCTION ANNUAL
POTENTIAL SUBSEQUENT DEVELOPMENT ANNUAL
$400M
$1.14B–$1.435B
$2.14B–$2.36B
...AND BILLIONS OF DOLLARS TO ALASKA’S ECONOMY.During the Initial Production Phase, the project could expand Alaska's economy by $1.1 - $1.4 billion annually—plus $2.14 - $2.36 billion annually in any single potential subsequent development phase.
PEBBLE COULD ADD 10,000 ALASKA JOBS...Estimated jobs across Construction, Initial Production and one Subsequent Development phases—the kinds of jobs that change lives and communities.
State Taxes$2.87B–$3.77B
State Royalty Payments$525M–$725M
25-YEAR CUMULATIVE TAXES
The project would include various infrastructure investments, including a multi-modal port, power plant and a
transportation corridor. This infrastructure would likely create additional value for the local communities,
including potentially lower power expenses, lower shipping costs and economic growth and diversification.
25%POPULATION
DECLINED44%
POPULATIONDECLINED
DURING INITIAL PRODUCTION PEBBLE COULD MORE THAN
ALASKA MINING TAX REVENUE
THE PEBBLE PROJECT’S PROJECTED
DOUBLE$1 BILLIONANNUAL OPERATING BUDGET
IS MORE THANPEBBLE ROYALTIES TO ALASKA
PERMANENT FUND50% OF ALL ROYALTIES
ALLOCATED TO THE
ALASKA